Friday Email: 28 August 2015
Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:
Unusually for a Friday there have been a lot of dividend declarations with the biggest increase today coming from Restaurant group with 11.5%.
The FTSE 100 has had a pretty torrid August and this week fell to 5779 and is currently trading at around 6200, still well down on the year.
The past week saw plenty of declarations but only WPP stood out strongly as it continues to rebase its dividend policy upwards. They increased by 36.9% at the interim stage. The past week saw us quadruple our holding in BHP Billiton in the trading portfolio which was looking pretty disastrous until yesterday when the stock rallied almost a quid and is up again this morning. We pointed out the big yield available last week.
The shortened Week ahead sees little in the way of corporate activity, but we will be watching Ashtead closely on Wednesday as the report their Q1 results.
New Additions to DividendMax from members this week include A&J Mucklow, ABCAM PLC, ACAL PLC, Air Partner PLC, Al Noor Hospitals PLC, Alternative Networks, Assura Group limited, Arrow Global Group, Avon Rubber, Cambian Group, Brammer, Brooks Macdonald, Burford, Blackrock Throgmortom Trust, Chime Communications, Clinigen Group, Coca-Cola HBC AG, CVS Group, Dart Group, Darty PLC, Entertainment one limited and Empiric Student Property.
The Friday email is delivered to over 20,000 subscriber’s every week, and remains a widely read run-down of recent events and what investors can expect in the week ahead written by our chief analyst Mark Riding.
It’s included as part of the free DividendMax trial.
Read next: 21 August 2015
Another torrid week on the markets began on Monday with the FTSE 100 down almost 70 points at one stage before recovering slightly. Bovis homes increased their dividend by 14%, but stopped the huge surge in dividend payouts being seen from the housebuilders. The rot continued on Tuesday Wednesday and Thursday and looks set for another bad day today, so it is now watchlist time as yields are rising rapidly. To put these recent falls into some perspective, with today included, the FTSE 100 will have fallen for nine consecutive days which is the worst downward run since 2011. Since the sell in May adage the market has fallen from over 7000 to below 6300 if this mornings futures are to be believed. The DividendMax model portforlio still remains up 4.4% on the year whilst the FTSE 100 is down 4%. St Legers day is approaching and whilst you can never be certain, now looks like the time for bargain hunting.
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